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New Englanders hit by this weekend's nor'easter will barely have time to clean up before another storm could strike this week.While the deadly nor'easter has moved offshore, high tides are expected Sunday on the New England coast."Winds are likely to remain an issue through Monday, during which there's a shot at a coating to 2" of snow late Sunday into Sunday night," the National Weather Service in Boston said in a tweet.The agency said the next nor'easter could strike Wednesday and Thursday, bringing heavy snow, strong winds and high waves to much of southern New England.Latest developments 611
NEW YORK (AP) — Halloween is still weeks away, but retailers are hoping you'll start your holiday shopping now. The big push is coming from Amazon, which is holding its annual Prime Day sales event Tuesday and Wednesday. It's the first time Prime Day has been held in the fall after Amazon postponed it from July due to pandemic. Walmart, Best Buy, and Target are also offering online deals on TVs, toys, and other items over the same two days. There's a good reason for the early start. Retailers are worried that a rush of online orders could lead to shipping delays in November and December. And stores want to avoid big crowds inside their stores during the pandemic. 679
NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000
NEW YORK — Jean Kennedy Smith, the youngest sister and last surviving sibling of President John F. Kennedy, died at 92, her daughter confirmed to the New York Times. Smith died Wednesday at her Manhattan home, her daughter Kym told the Times. Smith served as ambassador to Ireland for five years under President Bill Clinton. She also founded an arts education program that supports artists with physical or mental disabilities. She was the eighth of nine children born to Joseph P. and Rose Kennedy, and she tragically outlived several of them by decades. 564
NHL, NHLPA agree on opening date for formal training camps. https://t.co/35lF9nEob0 pic.twitter.com/l6W4VLXVYv— NHL Public Relations (@PR_NHL) June 11, 2020 164
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